Advanced Asset Management Advisors Inc Sells 143 Shares of Exxon Mobil Co. (NYSE:XOM)

Advanced Asset Management Advisors Inc trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 93,070 shares of the oil and gas company’s stock after selling 143 shares during the period. Exxon Mobil comprises approximately 2.2% of Advanced Asset Management Advisors Inc’s holdings, making the stock its 14th largest position. Advanced Asset Management Advisors Inc’s holdings in Exxon Mobil were worth $9,305,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XOM. FMR LLC raised its holdings in shares of Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after buying an additional 4,162,149 shares during the period. Morgan Stanley increased its holdings in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Northern Trust Corp increased its holdings in Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after purchasing an additional 576,078 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Exxon Mobil by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after purchasing an additional 132,196 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Exxon Mobil by 15.8% during the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock worth $1,081,395,000 after purchasing an additional 1,252,505 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $3.37 during trading on Friday, reaching $117.96. 26,679,557 shares of the company traded hands, compared to its average volume of 18,214,783. The firm’s fifty day simple moving average is $113.04 and its 200 day simple moving average is $106.62. The stock has a market cap of $466.92 billion, a P/E ratio of 13.11, a PEG ratio of 4.16 and a beta of 0.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.83 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Analyst Ratings Changes

Several research firms have commented on XOM. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Piper Sandler lifted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company lifted their price target on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.